C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Lowered by Tobam

Tobam decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 87.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,405 shares of the transportation company’s stock after selling 29,666 shares during the quarter. Tobam’s holdings in C.H. Robinson Worldwide were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $810,000. D.A. Davidson & CO. boosted its stake in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares during the period. Chesapeake Capital Corp IL acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $835,000. Northstar Advisory Group LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. raised its stake in C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Trading Down 0.6 %

Shares of CHRW stock opened at $96.64 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a market cap of $11.42 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $104.85 and its two-hundred day moving average is $104.07.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. Robert W. Baird boosted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Raymond James cut their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.